Please see my post from April 17 - 2013 here first: http://theelliottwavesufer.blogspot.dk/2013/04/elliott-wave-analysis-on-gold-crude-oil.html
It's time for a shallow flat wave (iv) correction towards 525, before the final wave (v) rally higher towards 596.
At no point should we see a break below 513 (the top of wave (i)) as that would invalidate the above bullish count.
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